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FINANCIAL NEWS
Kuwait’s realty market heading to recovery in 2012: Report
08 Feb 2012
(MENAFN) A GCC economic outlook report expected Kuwait’s real estate sector to recover this year, after property sales rose 35 percent last year, Arabian Business reported.
The report indicated that the total value of purchases last year rose 35 percent to USD9.71 billion, with a renewed interest among investors.
The report also said that loans to real estate also showed some improvement, indicating that the property market is heading to recovery.
Loans to real estate grew a decent 4.8 percent year on year, reflecting the pickup in investment real estate sales throughout 2011, according to the report.
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